Convergence Investment Partners LLC Has $7.96 Million Stock Holdings in ExxonMobil Corporation $XOM

Convergence Investment Partners LLC boosted its stake in ExxonMobil Corporation (NYSE:XOM) by 51.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,928 shares of the oil and gas company’s stock after buying an additional 16,031 shares during the period. ExxonMobil accounts for approximately 1.3% of Convergence Investment Partners LLC’s holdings, making the stock its 13th largest position. Convergence Investment Partners LLC’s holdings in ExxonMobil were worth $7,962,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XOM. Bank of America Corp DE raised its holdings in shares of ExxonMobil by 2.0% in the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after buying an additional 1,457,560 shares during the last quarter. Norges Bank bought a new position in ExxonMobil during the fourth quarter worth about $7,625,063,000. Bank of New York Mellon Corp grew its holdings in ExxonMobil by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the period. Northern Trust Corp raised its holdings in ExxonMobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of ExxonMobil by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after buying an additional 293,446 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Sanford C. Bernstein dropped their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Piper Sandler began coverage on shares of ExxonMobil in a report on Thursday. They issued a “neutral” rating and a $158.00 price target for the company. DZ Bank raised shares of ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings cut shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average price target of $163.25.

ExxonMobil Trading Up 1.6%

ExxonMobil stock opened at $156.86 on Friday. The stock has a 50-day simple moving average of $145.93 and a 200 day simple moving average of $147.38. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a market capitalization of $650.17 billion, a P/E ratio of 26.45, a PEG ratio of 0.64 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts expect that ExxonMobil Corporation will post 11.28 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Crude oil surged after renewed geopolitical तनाव in the Middle East, with WTI briefly touching $100 before settling lower, helping lift ExxonMobil and other energy names on expectations of stronger upstream earnings. Oil Prices Hit $95 a Barrel as Rubio Says Iran ‘Not Serious’ About Talks
• Positive Sentiment: Investors are positioning ahead of ExxonMobil’s upcoming second-quarter earnings, with articles highlighting expectations for a triple-digit increase in bottom-line results and a potential break above technical resistance. ExxonMobil (XOM) Stock Approaches Key Resistance Ahead of Q2 Earnings Release
• Positive Sentiment: Market commentary points to ExxonMobil benefiting from a broader rotation into “hard assets” and energy security plays as investors favor companies tied to AI infrastructure and commodities over speculative tech. The 2026 Blueprint: 6 Stocks for a Brand New Portfolio (XOM)
• Neutral Sentiment: ETF and sector coverage continued to highlight strong performance across energy stocks in 2026, but these pieces were broader industry commentary rather than company-specific catalysts. Navigating the Energy Surge: A Value-Chain Guide to Energy ETFs
• Neutral Sentiment: Some reports noted ExxonMobil approaching a possible technical breakout and fund managers showing bullish interest, which reinforces positive sentiment but does not represent a new fundamental development. Madison Dividend Income Fund is Bullish on ExxonMobil Holdings Corporation (XOM)

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.